Most Successful Mentoring Programs

May 25, 2019

Workplace mentoring programs are an ideal way for new employees to achieve success in both their career and their personal lives. This is why mentorships have become such a popular program for companies and organizations to implement. In fact, 71 percent of Fortune 500 companies offer a mentoring program in their workplaces.

Here's a summary of 16 of the most successful mentoring programs in the corporate world.

1. General Electric

Dubbed the company’s ‘Experienced Commercial Leadership Program’, GE’s mentoring program puts participants through eight months of training and guidance in either sales or marketing, depending on their job. In addition to helping employees develop robust marking and sales skills, the mentorship also focuses on enhancing participants’ leadership capabilities.

2. Intel

Intel has a unique mentoring program at their company in that they aim to match people based on skills rather than pairing up an experienced employee with a new hire. The goal of Intel’s workplace mentorship is to pass valuable information on to expand the company’s growth.

3. Caterpillar

The construction giant also focuses on company growth in their mentoring opportunities. By lining up mentorships for recent hires, they aim to develop valuable, long-lasting skills for their industry. Each employee that becomes a mentee is expected to participate for up to three years. Some of the skills they focus on developing include technical expertise, leadership skills and senior management capabilities.

4. Google

One of the largest tech companies in the world, Google hosts a Summer of Code mentoring program each year. The program is open to student programmers from around the world. The mentorship opportunity sees the students paired with mentors that can help them further develop their talent and advance their computing skill set. Participants are paid stipends if they’re able to develop code for open-source software projects. The program has had over 8,500 participants from 100 different countries.

5. Time Warner Cable

With a focus on retaining top talent, Time Warner seeks to develop employee skills, enhance their familiarity of the industry as well as achieve any goals the participant has defined.

6. Netsuite

The software company’s mentoring program seeks to help female employees advance their careers. Women at the company are paired with a mentor that works in a different department and works at least two levels higher than the participant. In addition to the female to female mentorship pairings, they also allow men serve as mentors. Primarily, the mentoring program goal is to help female employees develop a network that will be able to guide and teach them.

7. PayPal

There are several different types of mentoring programs at PayPal. One of them, the Unity Mentorship Program, works from the ground up and focuses on helping women succeed at the company. Like Netsuite, PayPal’s mentors can be men or women.

8. Boeing

Their mentoring program focuses on helping employees develop in various was including career goals and leadership capabilities. At Boeing, the mentorship program is clearly defined and structured. They also offer an orientation session to help ensure program participants are successful.

9. McGraw-Hill

With a long history in the education industry, McGraw Hill has been trying to update their offerings and has developed a workplace mentoring program to help the process. The program has a major focus on leadership development. A lot of planning and research went into the mentorship strategy and the company monitors the program success with internal research.

10. Sodexo

A European company, Sodexo has a vast number of employees spread over 80 countries, which can prove a challenge. In the United States, they’ve created a Spirit of Mentoring program that focuses on information sharing and career achievements. The focus of their program is to influence company culture, retention and build a reputation as a preferred employer. Mentors and mentees in the program are paired up for a one-year commitment.

11. Zynga

Building up the next generation of software developers, this social gaming design company offers a comprehensive mentoring program. For new hires, it begins with an intense one-week session upon hiring. From there, the participants are involved in a six-month program where they learn more about the company’s operations and various teams. Zynga’s mentoring program focuses on new graduates that have completed their studies within the last two years.

12. Deloitte

To enhance diversity at the financial company, the Emerging Leaders Development Program seeks to pair minority employees with mentors. The mentors are selected from a higher organizational level such as a partner, principal or director. Deloitte’s workplace mentorship program requires a two-year commitment. Some of the topics that participants cover include effective development strategies, risk-taking, as well as building networks of professionals.

13. KPMG

Offering support to employees who are planning on taking the CPA and actuarial exams, KPMG’s mentoring program serves as a prep course. The mentorship connects workers with peers for support and a mentor that can guide them through the training and exam process.

14. Liberty Mutual

The big-name insurance company focuses on helping new hires and graduates succeed at their company. In their workplace mentoring program, Liberty connects senior managers to entry-level employees. These mentors provide coaching and leadership training for the mentees, this is supported with software.

15. Morgan Stanley

The bank opted to develop a mentoring program that focuse on advancing the career prospects of female employees in their sales department. Specifically, the mentorship requires that participants be pursing a PhD in a STEM field.

16. DHL Express

Started in 2011, the company’s mentoring program provides an opportunity for participants to develop and learn new skills to help along their career path. It also improves corporate understanding among employees. The program helps about 60 percent of participants to move to more senior positions within a year.

Download our Full Report on Mentoring

We interviewed and surveyed employees from 50+ leading North American Companies including McKinsey, Boston Consulting Group, IBM, Deloitte, Ernst & Young, Capital One, Norton Rose Fulbright, Mackenzie Investments. Get the results below.
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